NOT LISTED FOR SALE

7840 Lipscomb Dr Memphis, TN 38125

Southern Shelby County Neighborhood

Estimated Value: $134,000 - $165,000

2 Beds
2.5 Baths
1,200-1,399 Sq Ft
$104/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $105,000 $75 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $808/month

26 Days on Market

Highlights

  • Traditional Architecture
  • Den
  • Brick Veneer
  • Great Room
  • Eat-In Kitchen
  • Patio

About This Home

As of June 2021

Great investment property with all hard surface floors. Exterior has hardie boards and fenced yard. Security doors.

Last Agent to Sell the Property

Keff Couch

Capstone Realty Services License #328012 Listed on: 06/03/2021

Last Buyer's Agent

?? ?

Reliable Realty & Property Mgt License #318200

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1997

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 27x118
  • Wood Fence
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Veneer
  • Composition Shingle Roof

Interior Spaces

  • 1,200-1,399 Sq Ft Home
  • 1,269 Sq Ft Home
  • 2-Story Property
  • Factory Built Fireplace
  • Great Room
  • Den
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • All Upper Level Bedrooms

Home Security

  • Fire and Smoke Detector
  • Iron Doors

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Stansell Crossing Pd Phase 9 Subdivision

Listing and Financial Details

  • Assessor Parcel Number D0242O B00054

Property Details

Home Type

Multi-Family

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: STANSELL CROSSING PH9
  • List Price Per Sq Ft: 87
  • Number Of Stories: 2
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1269
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • First Story Floor Plan: Den/Great Room, Kitchen, 1/2 Bath
  • Second Story Floor Plan: Primary Bedroom, 2nd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Up, Half Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 2
  • Bedrooms: 2
  • Fireplace: Prefabricated
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Dining Kitchen: Great Room, Eat-In Kitchen, Washer/Dryer Connections
  • Number Of Fireplaces: 1
  • P R I M A R Y B E D R O O M: Level 2

Exterior Features

  • Misc Exterior: Patio, Wood Fence
  • Exterior Windows: Brick Veneer
  • Roof: Composition Shingles

Garage/Parking

  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central, Gas
  • Security: Smoke Detector(s), Iron Door(s), Dead Bolt Lock(s)
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Level
  • Lot Number: 280
  • Acreage: 0.07
  • Lot Size: 27X118

Tax Info

  • Assessor Parcel Number: D0242O B00054

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2024
Sold by
Gharcool Llc
Bought by
7840 Lipscomb Llc
Current Estimated Value
$141,901

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jun 30, 2021
Sold by
Marc I Llc
Bought by
Gharccol Llc
Seller's Agent
Keff Couch
Capstone Realty Services
Buyer's Agent
?? ?
Reliable Realty & Property Mgt
List Price
$125,000
Sold Price
$105,000
Premium/Discount to List
-$20,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.42%

Purchase Details

Closed on
Aug 18, 2009
Sold by
Fannie Mae
Bought by
Marc I Llc

Purchase Details

Closed on
Apr 27, 2009
Sold by
Ratcliff Richard
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 17, 2000
Sold by
Atchley David M and Atchley Christi L
Bought by
Ratcliff Richard

Purchase Details

Closed on
Apr 29, 1997
Sold by
Lenox Homes Llc
Bought by
Atchley David M and Atchley Christi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,812
Interest Rate
7.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
7840 Lipscomb Llc -- None Listed On Document
Gharccol Llc $105,000 Closetrak
Marc I Llc $38,100 None Available
Federal National Mortgage Association $73,805 None Available
Ratcliff Richard $75,817 --
Ratcliff Richard $75,817 --
Atchley David M $77,900 Southern Escrow Title Compan
Atchley David M $77,900 Southern Escrow Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atchley David M $77,812
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $105,000 -4.5% $88 / Sq Ft
06/10/2021 06/10/21 Price Changed $110,000 -12.0% $92 / Sq Ft
06/03/2021 06/03/21 For Sale $125,000 -- $104 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $797 $33,800 $8,000 $25,800
2024 $797 $23,500 $4,250 $19,250
2023 $797 $23,500 $4,250 $19,250
2022 $797 $23,500 $4,250 $19,250
2021 $811 $23,500 $4,250 $19,250
2020 $689 $17,000 $4,250 $12,750
2019 $689 $17,000 $4,250 $12,750
2018 $689 $17,000 $4,250 $12,750
2017 $699 $17,000 $4,250 $12,750
2016 $656 $15,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Keff Couch

    Seller's Agent in 2021

    Keff Couch

    Capstone Realty Services

    (662) 890-9696

    4 in this area

    83 Total Sales

    Keff Couch
    Section Image
  • ?? ?

    Buyer's Agent in 2021

    ?? ?

    Reliable Realty & Property Mgt

    (901) 848-1695

    2 in this area

    35 Total Sales

    ?? ?
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10100787

Memphis Area Association of REALTORS®

APN: D0-242O-B0-0054

Tennessee Shelby County Memphis 38125 Southern Shelby County

7840 Lipscomb Dr, Memphis, TN

Not Listed for Sale

MultiFamily

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